NetIQ to acquire $255m security management specialist

JP Morgan and Lehman Brothers have helped NetIQ, a US information technology systems provider, acquire PentaSafe Security Technologies, an IT security management company, in a $255m (€260m) deal.

NetIQ has agreed to buy the privately held company for $193m in cash and 4.3 million shares and options. At NetIQ's closing share price of $14.5, the total value of the stock portion was $63m.

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